ZaZa Energy Corp (OTCMKTS:ZAZA) Regains Some Of Its Value

[[tagnumber 0]][[tagnumber 1]]After a long period of descending the charts ZaZa Energy Corp (OTCMKTS:ZAZA) fell below the $1 per share mark around the middle of this year. Then, on August 26, the company received a letter from the NASDAQ Listing Qualifications Staff that informed the management that the company stock will be de–listed from the national exchange due to failure to keep a minimum market value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]At first, the management thought that they can appeal, or they were just buying time, but they decided to de–list on September 30 anyway. Certainly, there was no way to avoid that. Even the numbers in the company’s financial report for the second quarter of the year weren’t that impressive compared to other entities traded on the NASDAQ national exchange. They looked like something a regular OTC entity might flaunt.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 9]] [[tagnumber 10]]cash: $451 thousand[[tagnumber 11]] [[tagnumber 10]]current assets: $1.38 million[[tagnumber 11]] [[tagnumber 10]]current liabilities: $56.51 million[[tagnumber 11]] [[tagnumber 10]]quarterly revenues: $1.07 million[[tagnumber 11]] [[tagnumber 10]]quarterly net loss: $8.39 million[[tagnumber 11]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]These numbers certainly don’t look very good, especially when you consider that they are contained in the quarterly report of a company that was just recently trading on the NASDAQ exchange. This was surely affecting the performance and led to the de–listing, but the real trouble came when [[tagnumber 24]]ZAZA[[tagnumber 25]] began trading on the OTC marketplace.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The ticker lost a whopping 54% of its value in just two sessions in the beginning of this week. Despite the lack of any news, however, we see that [[tagnumber 24]]ZAZA[[tagnumber 25]] has become a bit more stable and even managed to regain some of the lost value after moving up 14.72% and closing at $0.2019 yesterday. Trading was a bit slower than the previous days and the 499 thousand shares that changed their owners generated only $90 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company stock is moving up again in today’s session and has gained 8.47% as of the writing of this article. Only time will tell where [[tagnumber 24]]ZAZA[[tagnumber 25]] will go from now and you should be sure to do your due diligence and weigh out the risks if you have any intentions of making a play.[[tagnumber 2]]